LAS VEGAS, July 30, 2018 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) and Boyd Gaming Corporation (NYSE: BYD) today announced an unprecedented partnership to significantly
increase each company's market access and customer base throughout the United States.
Under this partnership, MGM Resorts and Boyd Gaming will both have the opportunity to offer online and mobile gaming platforms
– including sports betting, casino gaming and poker – in jurisdictions where either Boyd Gaming or MGM Resorts operate physical
casino resorts and online licenses are available. Under this market access agreement, each company will have a path to expand
their online and mobile gaming presence across 15 states.
"We are excited to team yet again with Boyd Gaming on this unprecedented partnership, which allows us to fully engage with the
almost 30 million M life Rewards members throughout the country," said MGM Resorts Chairman & CEO, Jim Murren. "We look forward to expanding our entertainment options for guests beyond their visits to our
land-based resorts."
"Our industry is evolving, providing opportunities for growth through new forms of gaming like online and mobile gaming," said
Boyd Gaming President and CEO Keith Smith. "Thanks to our partnership with MGM Resorts, Boyd
Gaming will have the opportunity to potentially add an online presence in five additional states, positioning us for significant
future growth as our respective companies take a leadership role in our industry's evolution."
Including all recently announced acquisitions and the Aug. 24 opening of MGM Springfield, MGM
Resorts and Boyd Gaming combined will operate land-based gaming facilities in 15 states (listed below). This partnership allows
each company to leverage their scale to create a nationwide approach to online and mobile sports betting, real money casino
gaming and poker. In accordance with the terms of the agreement, MGM intends to provide the acquired market access to its newly
formed joint venture with GVC Holdings PLC.
As states continue to legalize interactive gaming, both MGM Resorts, through its newly formed joint venture, and Boyd Gaming
will be poised to offer products in mobile and online sports betting, real money casino gaming and poker products where legally
applicable.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and
international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible
live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM
Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM
Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the
industry. Expanding throughout the U.S. and around the world, the company opened MGM Cotai in Macau in February
2018. It is also developing MGM Springfield in Massachusetts and debuting the first international Bellagio branded hotel
in Shanghai. The 78,000 global employees of MGM Resorts are proud of their company for being recognized as one of
FORTUNE® Magazine's World's Most Admired Companies®. For more information visit us at www.mgmresorts.com.
ABOUT BOYD GAMING
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 24 gaming
entertainment properties in seven states. The Company currently operates nearly 1.4 million square feet of casino space, more
than 31,000 gaming machines, 630 table games, 9,400 hotel rooms and more than 280 food and beverage outlets. With one of the most
experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding
entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press
releases, visit www.boydgaming.com.
Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those
described in MGM Resorts' public filings with the SEC. MGM Resorts has based forward-looking statements on management's
current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited
to, statements regarding the expected benefits to be achieved as a result of market access agreement. Among the important factors
that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of
economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination
travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks
relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth
in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form
10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is
not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or
otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn
that it will make additional updates with respect to those other forward-looking statements.
***States:
- Nevada (MGM & Boyd)
- Maryland (MGM)
- Massachusetts (MGM – upon opening of MGM Springfield)
- Michigan (MGM)
- Mississippi (MGM & Boyd)
- New York (MGM – pending closure of Empire City purchase)
- Illinois (Boyd – MGM pending sale of Grand Victoria)
- Indiana (Boyd)
- Iowa (Boyd)
- Kansas (Boyd)
- Louisiana (Boyd)
- Pennsylvania (Boyd – pending closure of purchase of Valley
Forge)
- Ohio (Boyd – pending closure of purchase from Pinnacle)
- Missouri (Boyd – pending closure of purchase from Pinnacle)
- New Jersey – (MGM)
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SOURCE MGM Resorts International